- Overview of IRDAI Assistant Manager Recruitment 2024
- Key Details of the Recruitment
- Vacancy Distribution
- Specialist Streams
- Important Notes:
- Eligibility Criteria
- Selection Process
- Exam Pattern
- Phase I – On-line Preliminary Examination (Objective Type)
- Phase II – Descriptive Examination
- Phase III – Interview
- Application Process
- Application Fees
- Admit Card
- Salary and Benefits
- Exam Centers for Phase I – On-line Preliminary Examination
- Phase II – Descriptive Examination Centers
- IRDAI Assistant Manager Recruitment 2024: Frequently Asked Questions (FAQs)
The Insurance Regulatory and Development Authority of India (IRDAI) has officially released the notification for the IRDAI Assistant Manager Recruitment 2024. This recruitment drive aims to fill 49 Grade A Assistant Manager positions. Below, we provide a comprehensive guide on the recruitment process, including important dates, eligibility criteria, selection process, exam pattern, and more.
Overview of IRDAI Assistant Manager Recruitment 2024
Organizing Body:
Insurance Regulatory and Development Authority of India (IRDAI)
Post:
Assistant Manager (Grade A)
Total Vacancies:
49
Application Dates:
August 21, 2024, to September 20, 2024
Job Location:
All India
Salary:
Rs. 44,500 – Rs. 89,150 per month
Official Website:
Key Details of the Recruitment
- Total Vacancies: 49 posts
- Last Date to Apply: 20th September 2024
- Application Mode: Online via IRDAI’s official website. Candidates may click on the link mentioned below for filling in the “On-line” application form for “Recruitment for the post of Assistant Manager (2024)”.
Vacancy Distribution
The IRDAI Assistant Manager Recruitment 2024 offers a total of 49 vacancies across various streams. The vacancies are distributed as follows:
| Name of the Post | Unreserved (GEN/UR) | Economically Weaker Sections (EWS) | Other Backward Classes (OBC) | Scheduled Castes (SC) | Scheduled Tribes (ST) | Total |
|---|---|---|---|---|---|---|
| Assistant Manager | 21 | 4 | 12 | 8 | 4 | 49 |
Specialist Streams
Out of the total 49 vacancies, certain posts are earmarked for specific specialist streams:
| Stream | Number of Posts |
|---|---|
| Actuarial | 5 |
| Finance | 5 |
| Law | 5 |
| IT | 5 |
| Research | 5 |
| Generalist | 24 |
Important Notes:
- Specialist Streams: The 25 posts in specialist streams (Actuarial, Finance, Law, IT, Research) are reserved for candidates with relevant professional qualifications. These posts have horizontal reservation, meaning they will be filled across all categories (GEN, EWS, OBC, SC, ST).
- PwBD Vacancies: Three vacancies are earmarked for Persons with Benchmark Disabilities (PwBD) across different categories, including Locomotor Disability, Mental Illness, and Blindness/Low Vision.
- Reservation: The reservation for SC, ST, OBC, EWS, and PwBD candidates will be as per Government of India rules.
- Flexibility in Vacancies: IRDAI reserves the right to vary the number of vacancies between the streams and within the total vacancies notified, depending on the organization’s requirements.
Eligibility Criteria
Age Limit:
- Minimum Age: 21 years
- Maximum Age: 30 years
- Age Relaxation:
- SC/ST: 5 years
- OBC: 3 years
- PwBD (SC/ST): 15 years
- PwBD (OBC): 13 years
- PwBD (Gen/UR): 10 years
- Ex-servicemen and Commissioned Officers: 5 years
Educational Qualification:
- Actuarial: Graduation with a minimum of 60% marks and 7 papers passed IAI as per the 2019 curriculum.
- Generalist: Graduation with a minimum of 60% marks.
- Research: Master’s Degree or 2-year Post Graduate Diploma in Economics, Econometrics, Quantitative Economics, Mathematical Economics, Integrated Economics Course, Statistics, Mathematical Statistics, or Applied Statistics & Informatics with a minimum of 60% marks.
- IT: Bachelor’s degree in engineering (Electrical/Electronics/Electronics and Communication/Information Technology/Computer Science/Software Engineering) with a minimum of 60% marks, or Master’s in Computers Application with minimum 60% marks, or Bachelor’s Degree in any discipline with a postgraduate qualification (minimum 2 years duration) in Computers/Information Technology with minimum 60% marks.
- Law: Bachelor’s Degree in Law with minimum 60% marks.
- Finance: Graduation with a minimum of 60% marks & ACA/AICWA/ACMA/ACS/CFA.
Selection Process
The selection for the IRDAI Assistant Manager post will be conducted in multiple stages:
- Prelims Written Exam (Phase 1):
- Format: Objective-based Online Exam
- Total Questions: 160
- Total Marks: 160
- Duration: 90 minutes
- Sections: Reasoning, English Language, General Awareness, Quantitative Aptitude
- Negative Marking: 1/4th mark for each wrong answer
- Main Written Exam (Phase 2):
- Format: Descriptive-based Online Exam
- Total Papers: 3
- Total Marks: 300
- Duration: 180 minutes (3 hours)
- Paper I: English (100 marks)
- Paper II: Economic and Social Issues impacting Insurance (100 marks)
- Paper III: Insurance and Management (100 marks)
- Interview
- Document Verification
- Medical Examination
Exam Pattern
The IRDAI Assistant Manager Recruitment 2024 examination consists of three phases:
Phase I – On-line Preliminary Examination (Objective Type)
This is a qualifying examination that candidates must pass to be eligible for Phase II. The exam is objective type and consists of the following sections:
| Sl. No. | Name of Test (Objective) | No. of Questions | Maximum Marks | Time |
|---|---|---|---|---|
| 1 | Test of Reasoning | 40 | 40 | Composite time of 90 minutes |
| 2 | Test of English Language | 40 | 40 | |
| 3 | Test of General Awareness | 40 | 40 | |
| 4 | Test of Quantitative Aptitude | 40 | 40 | |
| Total | 160 | 160 |
- Note:
- The tests will be conducted in both English and Hindi, except for the Test of English Language, which will be in English only.
- There will be a negative marking of 1/4th mark for each wrong answer.
Phase II – Descriptive Examination
This phase consists of three descriptive papers, and candidates must appear for all three papers. Each paper is designed to test specific skills and knowledge relevant to the job.
| Name of Paper | Type of Paper | Marks | Time (Minutes) |
|---|---|---|---|
| Paper I: English | Descriptive (Essay, Precis, Comprehension, Business/Office Correspondence) | 100 | 60 |
| Paper II: Economic and Social Issues impacting Insurance | Descriptive | 100 | 60 |
| Paper III: Insurance and Management | Descriptive | 100 | 60 |
- The syllabus for the descriptive papers covers a wide range of topics, including English writing skills, economic and social issues, insurance industry fundamentals, and management concepts.
Phase III – Interview
- Candidates who qualify in Phase II will be shortlisted for the interview phase.
- The final selection will be based on the combined scores of Phase II and Phase III.
- The weightage for the final selection is:
- Phase II (Descriptive Examination): 85%
- Phase III (Interview): 15%
Key Points:
- The scores obtained in the Phase I examination will not count towards the final selection; they are used only to qualify for Phase II.
- In Phase II, candidates must qualify in each paper separately as per the cut-off marks decided by IRDAI.
- The final merit list will be prepared based on the combined scores of Phase II and the Interview.
Application Process
- Visit the Official Website: irdai.gov.in
- Register: Create an account and obtain login credentials.
- Fill Out the Application Form: Provide all required details and upload necessary documents.
- Pay Application Fees:
- Gen/OBC/EWS: Rs. 750/-
- SC/ST/PwD: Rs. 100/-
5. Submit the Form: After payment, submit the application and print a copy for future reference.
Application Fees
- Gen/OBC/EWS: Rs. 750/-
- SC/ST/PwD: Rs. 100/-
Admit Card
The IRDAI Assistant Manager Admit Card 2024 will be issued a few days before the exam. Candidates must download and carry the admit card to the examination center along with a Photo ID proof and other necessary documents.
Salary and Benefits
The salary for the IRDAI Assistant Manager ranges from Rs. 44,500 to Rs. 89,150 per month. The salary package includes a basic pay of Rs. 44,500, along with dearness allowance (DA), house rent allowance (HRA), and other allowances. The DA is revised quarterly based on the Consumer Price Index (CPI) and is currently at 17%. The gross monthly salary can reach approximately Rs. 1,46,000.
Exam Centers for Phase I – On-line Preliminary Examination
- Andhra Pradesh: Vijayawada/Guntur
- Assam: Guwahati
- Bihar: Patna
- Chhattisgarh: Raipur
- Delhi/NCR
- Gujarat: Ahmedabad/Gandhinagar/Surat
- Goa: Panaji
- Haryana: Ambala/Hisar
- Himachal Pradesh: Shimla/Solan
- Jharkhand: Ranchi
- Karnataka: Bengaluru
- Kerala: Thiruvananthapuram
- Madhya Pradesh: Bhopal
- Maharashtra: Mumbai/Navi Mumbai/Thane/MMR Region
- Odisha: Bhubaneswar
- Punjab: Mohali/Jalandhar
- Rajasthan: Jaipur/Sikar/Kota
- Sikkim: Gangtok-Bardang
- Tamil Nadu: Chennai
- Telangana: Hyderabad
- Uttar Pradesh: Lucknow
- Uttarakhand: Dehradun
- West Bengal: Kolkata
- Andaman & Nicobar Islands: Port Blair
- Chandigarh
- Lakshadweep Islands: Kavaratti
- Puducherry
- Jammu & Kashmir: Srinagar/Samba/Jammu
- Ladakh: Leh
Phase II – Descriptive Examination Centers
Delhi/NCR
Hyderabad
Kolkata
Mumbai/Navi Mumbai/Thane/MMR Region
The IRDAI Assistant Manager Recruitment 2024 is a significant opportunity for individuals looking to work in a prestigious regulatory body within the insurance sector. With 49 vacancies available, candidates must prepare thoroughly for the Prelims and Mains exams, as well as the Interview stage. Stay updated with the official website for further announcements and updates regarding the examination schedule and other details.
IRDAI Assistant Manager Recruitment 2024: Frequently Asked Questions (FAQs)
1. What is the total number of vacancies for the IRDAI Assistant Manager Recruitment 2024?
The total number of vacancies is 49.
2. How are the vacancies distributed across different categories?
The vacancies are distributed as follows:
Scheduled Tribes (ST): 4
General (GEN/UR): 21
Economically Weaker Sections (EWS): 4
Other Backward Classes (OBC): 12
Scheduled Castes (SC): 8
3. Are there any specialist streams in this recruitment?
Yes, there are 25 posts reserved for specialist streams:
Research: 5 posts
Actuarial: 5 posts
Finance: 5 posts
Law: 5 posts
IT: 5 posts
4. What is the age limit for applying to this recruitment?
Candidates must be between 21 and 30 years of age as of 20th September 2024. Age relaxations apply as per government norms.
5. What are the educational qualifications required for the Assistant Manager post?
Generalist: Graduation with at least 60% marks.
Specialist Streams:
Actuarial: Graduation with 60% marks and 7 papers passed of IAI as per 2019 curriculum.
Finance: Graduation with 60% marks and ACA/AICWA/ACMA/ACS/CFA.
Law: Bachelor’s Degree in Law with 60% marks.
IT: Engineering degree in relevant fields or MCA with 60% marks.
Research: Master’s Degree or PG Diploma in relevant fields with 60% marks.
6. What is the selection process for this recruitment?
The selection process consists of three phases:
Phase I: On-line Preliminary Examination (Objective Type)
Phase II: Descriptive Examination
Final Phase : Interview
7. How can I apply for this recruitment?
You can apply online through the IRDAI website. The application window is open from 21st August 2024 to 20th September 2024.
8. What is the exam pattern for the On-line Preliminary Examination?
The On-line Preliminary Examination consists of four sections: Reasoning, English Language, General Awareness, and Quantitative Aptitude. Each section has 40 questions, totaling 160 marks, with a composite time of 90 minutes
9. Is there negative marking in the On-line Preliminary Examination?
Yes, there is a negative marking of 1/4th mark for each wrong answer.
10. What are the exam centers for the On-line Preliminary Examination?
The exam centers are spread across various cities in India, including major locations like Delhi/NCR, Mumbai, Bengaluru, Hyderabad, Kolkata, and more.
11. What is the application fee for this recruitment?
The application fee is Rs. 750 for General and OBC candidates, and Rs. 100 for SC/ST/PwBD candidates.
12. How will the final selection be made?
The final selection will be based on the combined scores of Phase II (Descriptive Examination) and Phase III (Interview). The weightage for the final selection is 85% for Phase II and 15% for Phase III.
13. When will the Phase I examination be conducted?
The date for the Phase I examination will be notified later on the IRDAI website.
14. Can I apply for more than one stream?
Yes, you can apply for more than one stream, but you must submit separate applications and pay the requisite fee for each stream.
15. Where can I get updates regarding this recruitment?
All updates, including exam dates, admit cards, and results, will be published on the IRDAI official website under the ‘Careers’ section.
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